Annual Secretarial Compliance report for the year ended 31st March, 2025
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Shree Securities Ltd filed its Annual Secretarial Compliance Report for the year ended 31 March 2025, prepared by M/s. Kirti Sharma & Associates. The report flags several compliance issues. The company's promoter demat account has been frozen by the stock exchange over unpaid fines totalling Rs. 9.88 lakh (inclusive of GST). The company failed to submit the Regulation 76 (Depositories) report for the quarter ended December 2024 on time, though it was later filed on 29 April 2025. Additional lapses include not getting shareholder approval within three months for an Independent Director appointed on 4 January 2025, unpaid Calcutta Stock Exchange listing fees of Rs. 4.28 lakh spanning several years, and Independent Directors not being registered in the official Independent Directors database. Multiple past penalties remain unpaid, including Rs. 1.08 lakh for delayed shareholding pattern filing and Rs. 2.70 lakh for board composition issues, with a Rs. 4.60 lakh penalty representation still pending with the exchange.
This is a negative signal for shareholders — the frozen promoter demat account and pile-up of unpaid penalties and listing fees point to weak governance and ongoing regulatory friction, which could weigh on the stock's credibility and liquidity.